Project Selection: The First Step Will Be To Select A Projec

Project Selectionthe First Step Will Be To Select A Project For Which

Project Selectionthe First Step Will Be To Select A Project For Which

Project Selection The first step will be to select a project for which you want to develop an Acquisition Project Scheduling and Cost Management plan. This project will be used as the basis for each of the assignments throughout the course and should conform to the following guidelines: Nontrivial: The selected project candidate should reflect a real-life project. Domain knowledge: You will be applying knowledge of this acquisition project to address assignments related to scheduling and cost. Select a project that fits these requirements, and submit your proposal to your instructor before proceeding further with the assignments in the course. Approval should be sought within the first few days of the course.

Your instructor will tell you how to submit this proposal and what notification will be given for project approval.

Assignment Your first task in this process will be to select a project to use as the basis of your Key Assignment. You will also create the shell document for the final project Key Assignment document deliverable that you will be working on throughout the course. As you proceed through each project phase, you will add content to each section of the final document to progressively complete the final project delivery, which is the Acquisition Project Scheduling and Cost Management Plan. The project deliverables are the following: Submit your project proposal to your instructor for approval.

Acquisition Project Scheduling and Cost Management Plan document shell Use Word Title page Course number and name Project name Your name Date Table of Contents (TOC) Use an autogenerated TOC. This should be on a separate page. This should be a maximum of 3 levels deep. Be sure to update the fields of the TOC so that it is up-to-date before submitting your project. Section headings (create each heading on a new page with "TBD" as the content, except for sections listed under "New Content" below) Project Outline Cost, Schedule, and Technical Performance Management Management of Small Projects Acquisition Project Guidelines Costing Methods and Tools Earned Value Management System Overall Cost and Schedule Performance New content to be inserted in document shell Project Outline Give a brief description of the project.

Discuss the overall project deliverable. The material can be taken from approved proposal submitted to instructor, and this will serve as the draft for the proposal. Be sure this project is approved by the instructor. Cost, Schedule, and Technical Performance Discuss cost techniques both in determining initial estimates and in monitoring and controlling them throughout the life of the project. Determine the project schedule for the acquisition component of the overall project and include a copy of it. Develop the program evaluation and review technique (PERT) and critical path method (CPM) for this Key Assignment acquisition project, and include copies of those charts in this section. Describe all of the key schedule influencers that can impact a schedule positively or negatively and how you would handle them.

Paper For Above instruction

The process of project selection is foundational to successful project management, especially in complex domains such as acquisition projects where cost control, scheduling, and technical performance are critical. The initial step involves selecting a real-life, non-trivial project that not only reflects practical application but also allows for meaningful application of project management principles. This selection impacts subsequent planning, scheduling, and cost management activities, setting the stage for comprehensive project analysis and control.

For the purposes of this course, the chosen project should align with specific guidelines: it must be substantial enough to be considered non-trivial; it should derive from a real-world context, ensuring practical relevance; and it must be suitable for applying project scheduling and cost management concepts. Submission of the project proposal to the instructor during the early days of the course is essential to secure approval before progressing with detailed planning and documentation. Instructor feedback and approval ensure that the project aligns with course objectives and scope.

Once the project is approved, the next step is to develop a structured document shell that will serve as the comprehensive framework for the final Acquisition Project Scheduling and Cost Management Plan. This document must include essential elements such as a title page, course and project identifiers, the student’s name, date, and an autogenerated Table of Contents (TOC) that is limited to three levels deep. Proper updating of the TOC before submission ensures accuracy and facilitates document navigation.

The core sections of the document should include a Project Outline, which provides a clear and concise description of the project deliverables. This involves summarizing the project’s goals, scope, and desired outcomes, often based on the approved proposal. It is crucial that the project outline reflects the approved proposal to maintain consistency and clarity for all subsequent planning activities.

The subsequent sections focus on Cost, Schedule, and Technical Performance. Cost management techniques encompass initial estimation methods, such as analogous, parametric, and bottom-up estimating, as well as ongoing monitoring and control mechanisms like Earned Value Management System (EVMS). The schedule development involves creating a comprehensive timeline for the acquisition component, incorporating tools such as Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM). These tools facilitate identifying activities that are critical to project completion and understanding schedule sensitivities.

In discussing schedule influencers, it is important to analyze both positive and negative factors that may impact project timelines. External influences such as stakeholder engagement, resource availability, and technological dependencies can either accelerate or delay project progress. Effective risk mitigation strategies include proactive resource management, stakeholder communication plans, and contingency planning to address potential disruptions.

Overall, this structured approach ensures a thorough understanding of the acquisition project’s scope, schedule, and cost dynamics. It provides a roadmap for managing project execution effectively, enhancing the likelihood of staying within budget and schedule constraints while meeting technical requirements. The iterative process of developing, reviewing, and updating each section aligns with best practices in project management, fostering a disciplined approach to tackling complex acquisition projects.

References

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